Damien Cooley

Without doubt, Craig.

And if you look at what has happened over the last two years, the small pullback in confidence, the small pullback in pricing, and as a result of that, the potential for price growth to be negative over the coming months.

We've also got a federal election coming up.

We've got the Reserve Bank talking about significant interest rate rises over the

I think what is being signaled is that you'd be naive to think that the market is going to continue growing in the short to near term.

There is no doubt that the market isn't as good as it was.

However, it is still good.

So this is the important point.

Good quality properties sell well, regardless of market conditions.

And that's because as a society, we need a home to live in.

We have the dream of having a lovely home, which gives us security for us and our families.

there is something really beautiful about living in a home that is yours.

Now, some people don't share that opinion.

Some people prefer to rent and there is an investment strategy around owning investment properties and renting your own home.

But the emotion that comes into a residential purchase is very different to what comes into an investment purchase.

And if you look at where, if the market comes back,

And if you, for example, draw similarities between the property market and the share market, really what we're talking about as a percentage is not a significant drop.

Personally, I have quite an optimistic outlook on prices holding up relatively well through this period.

I think the supply and demand absolutely plays a role in any market and property is no different.

If there's more properties on the market in any given suburb and there's only a certain amount of buyers that are looking at purchasing, prices will be affected.